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Copper sulfate Price History and Forecast Analysis Provided by Procurement Resource

In the first quarter of 2023, the Asia Pacific region experienced a surge in copper sulfate prices as downstream industries improved, and production rates normalized after stagnation. However, the second quarter saw a bearish market due to rising inventories and reduced procurement by downstream sectors, only to regain momentum later with increased inquiries. In Europe, the first quarter saw inflation and poor demand, leading to strict monetary policies that hampered the copper sulfate market.

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The second quarter continued the price decline, with challenges like low energy costs, insufficient demand, reduced manufacturing capacity, and a struggling agrochemical sector limiting buyer purchasing potential. North America faced fluctuating demand and inflation pressure in Q1, exacerbated by banking crises, lower offtakes, and weak agrochemical industry performance in Q2. Additionally, increased freight charges and input energy costs pushed copper sulfate prices downward.

Definition

Copper sulfate, with the chemical formula CuSO4, is a blue crystalline compound. It is highly soluble in water and commonly exists as a pentahydrate, CuSO4·5H2O, known as blue vitriol. This chemical has diverse uses, such as fungicide, algaecide, and in electroplating. Copper sulfate is also a mordant in textiles and used in water treatment. In its solid form, it appears as blue crystals, and when dissolved in water, it forms a blue solution. It has a variety of industrial applications due to its versatility and effectiveness.

Key Details About the Copper Sulfate Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Copper Sulfate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Copper Sulfate Price chart, including India Copper Sulfate price, USA Copper Sulfate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting the Copper Sulfate Price Trend:

Copper sulfate, identified chemically as CuSO4, exhibits a diverse range of industrial applications, impacting the Copper sulfate Price Trend and Copper sulfate Price Index. Widely recognized for its versatility, it serves as a potent fungicide and algaecide in agriculture, safeguarding crops and water bodies from fungal and algal infestations, influencing Copper sulfate Prices. In mining, Copper sulfate is a key component in mineral flotation processes, contributing to the separation of valuable minerals from waste material, influencing the Price Trend of Copper sulfate. Moreover, its crucial role in electroplating enhances the aesthetics and corrosion resistance of various metal surfaces, affecting Copper sulfate Prices.

Beyond that, Copper sulfate functions as a vital mordant in the textile industry, impacting the Copper sulfate Price Index. Its applications extend to water treatment, metallurgy, and chemical manufacturing, influencing overall Copper sulfate Prices. The compound’s adaptable properties establish it as an indispensable element across multiple industrial sectors, shaping the broader context of the Copper sulfate Price Trend.

Key Players:

  • Allan Chemical Corporation
  • ATOTECH
  • NOAH Technologies Corporation and WEGO Chemical & Mineral Corp
  • Norkem NORDFEED
  • TODINI AND CO. S.P.A.
  • Indian Platinum Private Limited
  • ARIHANT CHEMICAL INDUSTRIES
  • KGHM

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients with up-to-date and pioneering practices in the industry to understand procurement methods, supply chains, and industry trends so that they can build strategies to achieve maximum growth.

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